Hiliks Technologies Lands Major Sub-Contract Order for Signaling and Telecommunication Works in Telangana
Hiliks Technologies Ltd has secured a significant sub-contract agreement valued at Rs. 95,51,14,237/- from KMC Constructions Limited. The contract pertains to specialized signaling and telecommunication works related to the Doubling of Track between Akanapet Jn. and Medchal Stations within South Central Railway in Telangana.The agreement was signed on March 13, 2026, and Hiliks Technologies received the requisite approval from South Central Railway on June 17, 2026. This contract forms part of a broader engagement where the company's cumulative value of pending orders stands at Rs. 165 Crores.
The sub-contract order involves executing signaling and telecommunication works in connection with the railway track doubling project. The contract details confirm that KMC Constructions Limited, an entity awarding the orders, is domestic, making Hiliks Technologies a recipient of a domestic sub-contract agreement.
Key operational details regarding the order include:
| Detail | Specification |
|---|---|
| Order Value | Rs. 95,51,14,237/- |
| Cumulative Pending Orders | Rs. 165 Crores |
| Execution Period | 24 Months |
| Nature of Work | Signaling and Telecommunication works, including Kavach implementation |
The contract specifies that the order is not a related party transaction, nor does it involve any interest from the promoter or promoter group companies in the awarding entity. Hiliks Technologies Ltd's engagement with KMC Constructions Limited underscores its role in critical infrastructure projects for the South Central Railway zone.
Stock Price Movement
Hiliks Technologies Ltd saw its shares settle at ₹53.99 on Thursday, edging lower by 0.66% in today's trading. The stock traded within an intraday range, hitting a low of ₹52.20 but finding its peak earlier in the session at ₹55.49.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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